CGCV vs SPY
CGCV vs SPY
Capital Group Conservative Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | CGCV | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.33% | 0.09% | |
| AUM | $1.9B | $789.1B | |
| Dividend Yield | 1.45% | 1.01% | |
| Holdings | 74 | 505 | |
| YTD Return | +11.00% | +13.28% | |
| 1Y Return | +18.44% | +23.94% | |
| 3Y Return (annualized) | - | +21.07% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 9.8% | 15.3% | |
| Max Drawdown | -13.1% | -56.5% | |
| Fund Family | Capital Group (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Jun 25, 2024 | Jan 22, 1993 |
CGCV vs SPY Performance
Capital Group Conservative Equity ETF (CGCV) is a ETF from Capital Group (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year CGCV returned +18.44% while SPY returned +23.94%. Year to date, CGCV is up 11.00% versus a gain of 13.28% for SPY.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 9.8% for CGCV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -13.1% for CGCV and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
CGCV charges 0.33% per year while SPY charges 0.09%. On a $10,000 position that is $33 vs $9 annually, a gap of $24 per year that compounds over a long holding period. On income, CGCV currently yields 1.45% against 1.01% for SPY.
Holdings Overlap
CGCV and SPY share 66 holdings out of 510 unique holdings combined, representing a 35.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CGCV | Weight in SPY | Difference |
|---|---|---|---|
| AAPL | 3.02% | 7.09% | 4.07% |
| MSFT | 4.79% | 4.43% | 0.36% |
| NVDA | 1.18% | 7.31% | 6.13% |
| AVGO | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| LLY | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| JPM | Pro | Pro | Pro |
| PM | Pro | Pro | Pro |
| CSCO | Pro | Pro | Pro |
See all 10 holdings CGCV shares with SPY Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, CGCV or SPY?
CGCV has an expense ratio of 0.33% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $24 per year of difference.
Which performed better, CGCV or SPY?
Over the past year CGCV returned +18.44% vs +23.94% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), CGCV annualized +17.29% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, CGCV or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 9.8% for CGCV. Worst drawdown: CGCV -13.1% vs SPY -56.5%.
Should I hold both CGCV and SPY?
CGCV and SPY have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CGCV and SPY?
CGCV and SPY share 66 common holdings with a 35.3% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, CGCV or SPY?
CGCV yields 1.45% while SPY yields 1.01%, so CGCV currently pays the higher dividend yield.
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